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BC Residential Construction Investment Up 10%: StatCan

Joannah Connolly
September 23, 2014

BC poured $609.6 million into new housing construction in July 2014, a 10.6 per cent increase year over year, according to Statistics Canada data released September 23.

BC’s residential construction investment yet again far outstripped the national average year-over-year rise of 0.7 per cent to $4.076 billion, and was second only to Alberta in terms of its annual increase.

Broken down by property type, compared with July 2013, BC invested 25.9 per cent more in row homes (townhomes), 17 per cent more in single-family homes and 2.3 per cent more in condos. However, investment in duplex housing fell 2.7 per cent year over year.

Across the country, townhome investment increased the most, at 19 per cent higher than last July, followed by duplexes at 7.5 per cent.

To see the interactive table, with statistics broken down by province, housing type and dates, click here

Joannah Connolly
Joannah Connolly is editorial director of Glacier Real Estate, Glacier Media's real estate division. Joannah writes and curates real estate news for Glacier Media's local newspaper websites, including the Vancouver Courier, North Shore News, Burnaby Now, Tri-City News and others. She also oversees editorial content in Real Estate Weekly Homes, West Coast Condo, Western Investor and Glacier's special real estate publications. A dual Canadian-British citizen, Joannah has 22 years of journalism and editing experience in Vancouver and London, with a background in construction, architecture, healthcare and business media. Joannah has appeared on major local TV outlets as a real estate commentator, has moderated and spoken on various industry panels, and spent two years hosting the Real Estate Therapist radio show on Roundhouse Radio.